Tesla hires Snap exec as engineering VP

(Reuters) - Electric carmaker Tesla Inc said on Tuesday it had hired Snapchat maker Snap Inc’s vice president of monetization engineering, Stuart Bowers, as VP of engineering, to work on its Autopilot software and other projects.

Tesla has seen the departure of several senior executives and also is flattening its management structure as it aims to improve efficiency and clear up production bottlenecks related to its new Model 3 sedan.

Snap confirmed the move and said that Bowers had a passion for robotics and would be working on Tesla’s semi-autonomous driving program, Autopilot. Tesla said he would work on that and other projects as well.

Bowers’ job at Snap, monetization engineering, involved the social media company’s advertising system.

Website Cheddar first reported the move.

Reporting by Munsif Vengattil in Bengaluru and David Ingram in San Francisco; Editing by Peter Henderson and Anil D’Silva